Professional services regulation: estate agents

• Author: Hristova, Nataliya
• Pages: 54-56

Consum er mar ket stud y on the fun ctio ning of the r eal estate servi ces for consum ers in the EU – Coun try FicheBulgaria

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9. Prof essional ser vices regulation: estat e agents

9.1Mar ketentry and st ruct ure regulation

Ta ble 20 : Ma rk et entr y a nd st ru ctu re reg ula tio n

Regulation

Sub ject ive req uir emen ts

Qualifications(lev el an d du rat ion o f ed ucation

and tr aining, diplo mas, exams, traineesh ips o r

pr ofessi onal ex perien ce requ irem ent s,

concours) re quir ed t o becom e an esta te a gent

in your count ry.

No reg ulat ion on q ualifica tion s to be o btai ned by real estat e agent s.

Obj ecti ve r equi rem ents

Do num eru s clause s and ot her ob ject ive

requir ement s exist ?

Form ally not, but in pra ctice t hese are m ost ly r equi red by t he

em ploy er. The most com mon of the m a re:

1. Com plet ed second ary ed ucat ion;

2. Clear j udicial past , m eani ng t hat the p erson hasn’t been sentenced

to impr isonm ent for in tenti onal crim e as an adul t;

3. Seni ority of 6 mont hs,;

4. 16 year s of age.

There are not ‘num erous clausus’ f or the ex erci se of th e professio n of a

real estate a gent .

Licence r equi rements

Are estat e ag ents licenced or d o t hey w ork as

employees?

Bot h opt ions are p ossibl e in pract ice. Well -known rea l est ate a genci es

hi re t heir agents on emp loym ent con tra cts. In thi s case, th ey work as

em ploy ees. Other agen cies w ork wi th their age nts on civ il cont racts. I n

th is ca se, t hey are f ree-l ance. A m inorit y of est ate agen ts wo rk

indep enden tly wit hout cont ractual rel ation with a Rea l est ate agency.

In all cases a bove no licen se is r equi red.

Cit izenshi p re quir eme nts

Is u nlim it ed access to the profe ssiongrant ed to

foreign pr ofession als de iu re and de fact o?

Yes. Ther e ar e no lim itat ions.

Inter-p rofessi onal

cooperation

Are est ate agen ts a llow ed t o exerci se an oth er

pr ofessi on o r busi ness act ivity ? I s int er-

pr ofession al coop erat ion reg ulat ed?

Yes. Ther e ar e no lim itat ions.

No, but in pract ice most of Real esta te agencies h ave employ ees, wh o

repr esent di ffer ent prof ession s / engi neer s, a rchi tect s, l egal advisers,

accou ntant s, propert y v aluat ors/